New Pacific Reports Q2 Net Loss of $1.58M; Bolivia Mining-Law Reforms Underway
New Pacific Metals Corp. reported a Q2 net loss of $1.58 million ($0.01 per share) versus $0.74 million year-ago, with operating expenses down to $1.47 million and investment income up to $0.31 million. Bolivia’s administration pledged mining-law reforms to strengthen certainty and attract investment, while New Pacific held $41 million in working capital at December 31.
1. Bolivia’s Policy Shift
In November 2025, Bolivia’s new administration launched a market-oriented economic model, pledging to modernize mining laws, reduce bureaucracy, strengthen certainty, combat illegal mining and attract foreign investment. New Pacific is engaging government stakeholders at all levels to advance its Silver Sand and Carangas projects under the revised framework.
2. Q2 Financial Results
For the three months ended December 31, 2025, New Pacific reported a net loss of $1.58 million ($0.01 per share) versus a $0.74 million loss year-ago. Operating expenses decreased to $1.47 million, investment income rose to $0.31 million and foreign exchange generated a $0.42 million loss.
3. Working Capital Position
As of December 31, 2025, the company held $41 million in working capital, providing liquidity to fund ongoing exploration and development activities without immediate financing needs. This position enables New Pacific to capitalize on Bolivia’s policy reforms.
4. Project Expenditures
During Q2, New Pacific capitalized $0.67 million on its Silver Sand project, $0.22 million on Carangas and $0.03 million on Silverstrike. Total capitalized exploration assets reached $118.48 million as of December 31, reflecting continued investment in its Bolivian precious metals portfolio.